24/7 Wall St.
01-23-2009, 01:50 PM
24/7 Wall St. Daily News
Exelon Corporation (NYSE:EXC) rose nearly 1.5% yesterday after the company reported fourth quarter 2008 EPS of $1.07, up from $0.84 in 2007. Full-year revenue of $18.86 billion was almost $1 billion higher than estimates, and full-year EPS reached $4.13 fully diluted, slightly lower than estimated EPS of $4.17. The company reaffirmed guidance for 2009 for non-GAAP earnings of$4.00-$4.30/share. Exelon also confirmed that it will continue itsefforts (http://www.247wallst.com/2008/11/nrg-denies-exel.html) to acquire NRG Energy Inc.(NYSE:NRG).
The earnings release included a report of a meeting betweenExelon and NRG executives at which no "agreement or arrangementconcerning further discussions, due diligence or other exchange ofinformation" was reached. According to Exelon, NRG wants to discoverits value by seeing if any other companies are interested in buying NRG.
NRG's preliminary report confirmed adjusted EBITDA guidance of $2.2billion for 2009, and upped the cash flow from operations by $200million, to $1.5 billion.
NRG shares are trading up slightly this morning, and Exelon is down about 1%.
Paul Ausick
January 23, 2009
http://feeds.feedburner.com/~f/typepad/RyNm?i=njwyaw.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=njwyaw.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=smlnpx.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=smlnpx.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZUn6U0.p (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZUn6U0.p)
complete story here... (http://www.247wallst.com/2009/01/exelon-nrg-earn.html)
Exelon Corporation (NYSE:EXC) rose nearly 1.5% yesterday after the company reported fourth quarter 2008 EPS of $1.07, up from $0.84 in 2007. Full-year revenue of $18.86 billion was almost $1 billion higher than estimates, and full-year EPS reached $4.13 fully diluted, slightly lower than estimated EPS of $4.17. The company reaffirmed guidance for 2009 for non-GAAP earnings of$4.00-$4.30/share. Exelon also confirmed that it will continue itsefforts (http://www.247wallst.com/2008/11/nrg-denies-exel.html) to acquire NRG Energy Inc.(NYSE:NRG).
The earnings release included a report of a meeting betweenExelon and NRG executives at which no "agreement or arrangementconcerning further discussions, due diligence or other exchange ofinformation" was reached. According to Exelon, NRG wants to discoverits value by seeing if any other companies are interested in buying NRG.
NRG's preliminary report confirmed adjusted EBITDA guidance of $2.2billion for 2009, and upped the cash flow from operations by $200million, to $1.5 billion.
NRG shares are trading up slightly this morning, and Exelon is down about 1%.
Paul Ausick
January 23, 2009
http://feeds.feedburner.com/~f/typepad/RyNm?i=njwyaw.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=njwyaw.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=smlnpx.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=smlnpx.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZUn6U0.p (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZUn6U0.p)
complete story here... (http://www.247wallst.com/2009/01/exelon-nrg-earn.html)